Reasons for the closure of Xiamen Prince Hotel

The hotel was closed due to poor management and financial problems.

1. Poor management: Due to fierce market competition, improper business strategy and poor service quality, the hotel cannot maintain normal operation due to poor management.

2. Capital: Hotel operation needs a lot of capital investment, including staff salaries, equipment maintenance, marketing and so on. If there is a problem in the hotel's capital chain and it cannot meet the daily operation needs, it will lead to the hotel's closure.